Detroit prosecutor's home in foreclosure
DETROIT, Aug. 21 (UPI) -- Wayne County, Mich., Prosecutor
Kym Worthy says she has joined the growing list of Detroit residents
whose homes are in foreclosure.
Worthy said in a statement that "after attempts to work
something out" with Countrywide Financial Corp., she was able to
reach a deal with the home lender, The Detroit News reported
Thursday.
"A short sale for my home is pending acceptance by
Countrywide and there is an offer to purchase the property," Worthy
said.
The home, which is Worthy's primary residence in the
University District of Detroit, was bought for $337,000 in 2004. Her
monthly mortgage and tax payment was $3,000 on a 7.6 percent
interest rate, the newspaper reported.
A federal tax lien had reportedly been filed against
Worthy's home. Records show she owed more than $7,500 in back
property taxes and penalties.
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